There is panic in the Nigerian financial sector over massive job losses as banks battle to meet the recently announced minimum capital requirements by the Central Bank of Nigeria. The National President of the Association of Senior Staff of Banks, Insurance and Financial Institutions, Olusoji Oluwole, expressed these concerns during an interview with Channels Television on Monday. He said the Association had already informed the CBN and the Ministry of Labour about the impact of the recapitalization exercise on workers in the sector. “We are very aware of what happened in the past during such …